PEIA's Strong Start: West Virginia's Health Insurance Program Sees Positive Trends
Charleston West Virginia News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
West Virginias PEIA health insurance program for state workers is off to a strong start, with total assets at $206.8 million against $110 million in liabilities. Revenue is up $71 million, and claim expenses are down $20.4 million, thanks to a 14% premium hike and lower benefit utilization. However, directors remain cautious due to potential cost increases in the second half of the fiscal year and into 2027. A three percent premium increase and a $200 monthly spousal surcharge hike are planned for July 1st. Despite efforts, a bill to gain fraud investigation powers stalled in the legislature.
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